Find Bitcoin Logo Public Domain…The response is no, you don’t own your domain name outright, but policies and policies generally secure the domain from being taken from you. At the end of the day,
it is completely possible for your domain to be seized. You’re leasing it from the domain registry and they have full control over what happens with your domain name. I have actually spoken about this sanctioned monopoly system prior to which you can find out more about in my “Domain frequently asked question” video however you don’t own your domain. It’s actually difficult to own a standard domain. You may have observed, I stated conventional domain name due to the fact that a company’s dealing with a brand-new type of domain name that you can own outright. I had the possibility to speak with Brad Kam the co-founder of Unstoppable Domains to talk more about the future of the decentralized web. And no this video is not sponsored, I just thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain due to the fact that the domain is saved by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it implies that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your private key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to seize a domain name at any provided time. Now, this is technically incredibly rare, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a windows registry similar to like a Verisign. The class structure is extremely various because as soon as we have actually offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re trusting the computer registry not to alter rates or take the domain far from you in the future. Our domain names are one-time fees, so you never ever have to stress over it. As soon as you purchase a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t modify or upgrade or take the football far from you when you have it. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to build. In terms of us getting going, it was a little simpler for us to kind of manage the whole user experience and construct all these special tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still battle with some of the principles of cryptocurrency, and I’m not a specialist in this space. However today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the internet. The greatest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.